Infinity Development Holdings Company (HKSE:00640) Long-Term Capital Lease Obligation : HK$1.3 Mil (As of Sep. 2023)

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What is Infinity Development Holdings Company Long-Term Capital Lease Obligation?

Infinity Development Holdings Company's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$1.3 Mil.

Infinity Development Holdings Company's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (HK$3.4 Mil) to Mar. 2023 (HK$2.6 Mil) and declined from Mar. 2023 (HK$2.6 Mil) to Sep. 2023 (HK$1.3 Mil).

Infinity Development Holdings Company's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (HK$1.8 Mil) to Sep. 2022 (HK$3.4 Mil) but then declined from Sep. 2022 (HK$3.4 Mil) to Sep. 2023 (HK$1.3 Mil).

Infinity Development Holdings Company Long-Term Capital Lease Obligation Historical Data

The historical data trend for Infinity Development Holdings Company's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Infinity Development Holdings Company Long-Term Capital Lease Obligation Chart

Infinity Development Holdings Company Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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3.22

1.80

3.40

1.31

Infinity Development Holdings Company Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.80	4.08	3.40	2.56	1.31

Infinity Development Holdings Company (HKSE:00640) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Infinity Development Holdings Company (HKSE:00640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Company Ltd (HKSE:00640) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

16 Andar A-D, Macau Finance Centre, Rua de Pequim No. 202A-246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Company Ltd is an investment holding company. The company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive related products for the footwear industry. Its geographical segments include China, Singapore, India, Regions of Hong Kong, Macau and Taiwan, Vietnam and Cambodia, Indonesia, and Bangladesh, of which the vast majority of its revenue is generated from Vietnam and Cambodia.

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